Politics · Other · 3 hrs ago
Ukraine parliament backs bill to speed up state asset sales
Ukraine’s parliament has approved the first reading of a bill to make it easier to sell state-owned assets.
Under current rules, ministries and local authorities must transfer assets to the State Property Fund, but there is no deadline for doing so.
The bill would give them 20 days, and let the fund take over assets if that deadline is missed.
It would also create a state-owned consulting firm to prepare assets for sale, with its fee paid by the buyer if a sale succeeds.
The government has about 3,000 assets, from factories to bakeries, and has said it wants to reduce the number to 100 key enterprises.
Privatization could bring money into the state budget during a severe shortfall, and is also a condition for continued financial support from Western partners.
Parliament could consider the bill’s second reading soon, and it could become law by early December.
Ukraine’s parliament approved the first reading of a bill on Oct. 12 to streamline the sale of state-owned assets.
The bill would require state bodies to transfer assets to the State Property Fund within 20 days.
If an agency misses the deadline, the fund could take over the assets itself.
The proposal would also create a state-owned consulting firm to prepare assets for privatization.
The government aims to raise $295 million through privatization by the end of 2026.
- Who
- Ukraine’s parliament approved the bill’s first reading.
- What
- The bill would speed up the transfer and preparation of state-owned assets for privatization.
- When
- Oct. 12, 2026.
- Where
- Ukraine.
- Why
- To ease bottlenecks in privatization and help generate revenue for the state budget.
This story does not have two clearly opposing sides.
Parliament approved the bill’s first reading.
The bill’s second reading could take place, Natalukha said.
Natalukha said the bill could be adopted.
- Transfer deadline
- 20 days
- Consulting firm fee
- 5% of a successful sale price, paid by the buyer
- Government privatization target
- $295 million by the end of 2026
- State-owned asset portfolio
- About 3,000 assets
- Proposed portfolio goal
- Reduce the total to 100 key enterprises
What people are saying
This will allow us to improve the efficiency of the privatization process and generate additional revenue for the state budget.
This draft legislation was prepared to speed up property transfer procedures, accelerate the preparation of assets for auction, and relieve the state budget of preparation expenses.
Strengthening the institutional capacity of the fund should create better conditions for attracting investments, developing enterprises, and making more efficient use of state property.
Sources
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